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Special Counsel Gary DeWaal Comments on O'Malia Move to ISDA in Law360

Firm News | August 1, 2014

Gary DeWaal, special counsel in the Financial Services practice, spoke with Law360 regarding Scott O'Malia's resignation from the Commodity Futures Trading Commission (CFTC) to become CEO of the International Swaps and Derivatives Association (ISDA). O'Malia's new position at one of the banking industry's leading lobbying shops is raising questions of whether he was looking out for the best interests of the public during his time at the CFTC. Gary countered that the switch to the lobbying group made sense, as ISDA may afford O'Malia a better opportunity to achieve his goal of harmonizing international regulation of derivatives markets. "From the perspective of Scott personally, and ISDA, it's a good hire." ("O’Malia’s Move to ISDA Stokes Revolving-Door Debate," July 23, 2014)

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